+menu-


  • Category Archives As the Stomach Churns
  • WE OWN AMERICA

    WE OWN YOUR NEWS, THE MEDIA, YOUR OIL AND YOUR GOVERNMENT

    You have probably never heard of me
    ——————————————————————

    THE FEDERAL RESERVE SYSTEM IS THE CENTRAL BANK OF THE UNITED STATES.

    THE FEDERAL RESERVE SYSTEM IS A IS PRIVATELY OWNED BANK AND WHERE THE UNITED STATES KEEPS MOST OF ITS MONEY.

    The bottom line 1916 – Three years after signing the FEDERAL RESERVE ACT  into law, President Woodrow Wilson observes: 

    “I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated.

    And? the same 1916 bottom line 100 years later, Oct 21, 2016

    The growth of the nation, therefore, and all our activities are in the hands of a few men.

    We have come to be one of the worst ruled, one of the most completely controlled and dominated governments in the civilized world.

    No longer a government by free opinion, no longer a government by conviction and the vote of the majority,

    but a government by the opinion and duress of a small group of dominant men.”

    ————————————————————————————–
    THE PUBLIC MIGHT INSTINCTIVELY FEEL THAT SOMETHING IS WRONG

    Apr 11, 2016- Apr 28, 2016

    Behind My Back | Just a Matter of Time and Money 1790-2016

    www.behindmyback.org/2016/04/28/just-a-matter-of-time-and-money-1790-2016/

    Apr 28, 2016 – JUST A MATTER OF TIME AND FOREIGN MONEY 1790-2016 1790 … www.behindmyback.org/2016/04/11/silent–weapons-for-a-quiet–war/.

    ————————————————————

    There are  Images for my name is jacob rothschild  online

    HELLO THERE,

    MY NAME IS JACOB ROTHSCHILD

    MY FAMILY IS WORTH 500 TRILLION DOLLARS

    WE OWN NEARLY EVERY CENTRAL BANK IN THE WORLD

    WE FINANCED BOTH SIDES OF EVERY WAR SINCE NAPOLEON

    WE OWN YOUR NEWS, THE MEDIA, YOUR OIL AND YOUR GOVERNMENT

    You have probably never heard of me

    ——————————————————————————–

    I have a family and I have a history

    1790: Mayer Amschel Rothschild states:

    “Let me issue and control a nations money and I care not who writes the law.

    Behind My Back | Silent Weapons For a Quiet War

    www.behindmyback.org/2016/04/11/silentweapons-for-a-quietwar/

    Apr 11, 2016 – Silent Weapons For a Quiet War a snippet… DIVERSION, THE PRIMARY STRATEGY Experience has proven that the simplest method of …

    ————————————————————————————
    THE PUBLIC MIGHT INSTINCTIVELY FEEL THAT SOMETHING IS WRONG, but because of the technical nature of the silent weapon, they cannot express their feeling in a rational way, or handle the problem with intelligence. Therefore, they do not know how to cry for help, and do not know how to associate with others to defend themselves against it.

    TRUMP KNOWS THAT SOMETHING IS WRONG

    WITHOUT AMERICA, THERE IS NO FREE WORLD

    THE SILENT MAJORITY CRIED FOR HELP, THE PUBLIC AND SOCIAL MEDIA HEARD IT AT TRUMP RALLY’S.

    WITHOUT TRUMP THERE IS NO AMERICA

    ONLY DONALD J. TRUMP AS PRESIDENT CAN FIX IT.

    HILLARY’S ONLY DEFENSE OF HER 30 YEARS OF POLITICAL FAILURE IS DIVERSION

    (a) unrelenting emotional affrontations and attacks (mental and emotional rape) by way of a constant barrage of sex, violence, and wars in the media – especially the T.V. and the newspapers.

    DIVERSION SUMMARY MEDIA:

    Keep the adult public attention diverted away from the real social issues, and captivated by matters of no real importance.

    SCHOOLS: Keep the young public ignorant of real mathematics, real economics, real law, and real history.

    ENTERTAINMENT: Keep the public entertainment below a sixth grade level.

    WORK: Keep the public busy, busy, busy, with no time to think; back on the farm with the other animals.

    ——————————————-

    HILLARY’S PRIVATE BILDERBERG AGENDA  2015-2016

    ———————————————————-

    *Clinton: “It Would Be Very Difficult To Run For President Without Raising A Huge Amount Of Money And Without Having Other People Supporting You. Boca Raton, FL, 1/6/14]

    ————————————————————-

    In 2015, the Bilderberg elite was confident that Clinton could shake off her GOP challengers, but Trump’s self-funded campaign and his public opposition to globalism and internationalist trade deals like NAFTA has shocked the Bilderberg elitists. As a result, it will now have to spend much more time dealing with the damage control.

    The Bilderberg 2016 Agenda: Trump, Riots, Migrants, Brexit | Zero …

    www.zerohedge.com/…/bilderberg-2016-agenda-trump-brexit-migrants-ri…
    Zero Hedge

    Jun 8, 2016 – The Bilderberg 2016 Agenda: Trump, Riots, Migrants, Brexit. Tyler Durden’s picture. by Tyler Durden. Jun 9, 2016 5:39 AM.

    The official list of “key topics” to be discussed is both broad quite vague.

    That’s just for public consumption. After all, who needs massive concrete blocks and 400 police officers for protection to discuss “technological innovation”

    ————————————————-

    HILLARY’S PRIVATE ELECTION AGENDA  2015-2016

    SHORT LIST OF OUT PUTS

    Outputs – create controlled situations

    – manipulation of the economy. hence society

    – control by control of compensation and losses.

    Sequence:

    (1) allocates opportunities.

    (2) destroys opportunities.

    (3) controls the economic industry.

    (4) controls the availability of raw materials

    (5) controls capital.

    (6) controls bank rates.

    (7) controls the inflation of the currency.

    (8) controls the possession of property.

    (9) controls the industrial capacity.

    (10) controls manufacturing.

    (11) controls the availability of goods (commodities).

    (12) controls the prices of commodities.

    (13) controls services, the labor force, etc.

    (14) controls payments to government officials.

    (15) controls the legal functions

    (16) controls the personal data file uncorrectable – by the party slandered.

    (17) controls advertising.

    (18) controls media content.

    (19) controls material available for T.V. viewing.

    (20) disengages attention from real issues.

    (21) engages emotions.

    (22) creates disorder, chaos, and insanity.

    (23) controls design of more probing tax forms.

    (24) controls surveillance.

    (25) controls the storage of information.

    (26) develops psychological analyses and profiles of individuals.

    (27) controls legal functions (repeat of 15).

    (28) controls sociological factors.

    (29) controls health options.

    (30) preys on weaknesses.

    (31) cripples strengths.

    (32) leaches wealth and substance.

    ——————————————————————-

    DIVERSION, THE PRIMARY STRATEGY

    Experience has proven that the simplest method of securing a silent weapon and gaining control of the public is to keep the public undisciplined and ignorant of basic systems principles on the one hand, while keeping them confused, disorganized, and distracted with matters of no real importance on the other hand.

    This is achieved by:

    (1) Disengaging their minds, sabotaging their mental activities, by providing a low quality program of public education in mathematics, logic, systems design, and economics, and by discouraging technical creativity.

    (2) Engaging their emotions, increasing their self-indulgence and their indulgence in emotional and physical activities, by:

    (a) unrelenting emotional affrontations and attacks (mental and emotional rape) by way of a constant barrage of sex, violence, and wars in the media – especially the T.V. and the newspapers.

    (b) giving them what they desire – in excess – “junk food for thought” and depriving them of what they really need.

    (3) Rewriting history and law and subjecting the public to the deviant creation, thus being able to shift their thinking from personal needs to highly fabricated outside priorities.

    These preclude their interest in and discovery of the silent weapons of social automation technology.

    The general rule is that there is profit in confusion; the more confusion, the more profit. Therefore, the best approach is to create problems and then offer the solutions

    —————————————————————————

    The shadow forces behind the New World Order (NWO) are following a slow-paced agenda of total control over mankind and our planet’s resources. David Icke coined it the “Totalitarian Tip-Toe,” because “they” are making very small steps towards our complete and definitive enslavement.

    Jefferson 1790 “Single acts of tyranny may be ascribed to the accidental opinion of the day, but a series of oppressions begun at a distinguished period, unalterable through every change of ministers, too plainly prove a deliberate, systematic plan of reducing us to slavery”.

    The bottom line… Woodrow Wilson 1916  and 90 years later, Oct 18, 2016

    The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated governments in the civilized world. No longer a government by free opinion, no longer a government by conviction and the vote of the majority, but a government by the opinion and duress of a small group of dominant men.”

    ——————————————————————

    AMERICA WAS CREATED AS A SOVEREIGN COUNTRY,

    DON’T LET “HEMISPHERIC HILLARY” TURN IT INTO A  GLOBAL VILLAGE

    The bottom line

    WITHOUT AMERICA, THERE IS NO FREE WORLD

    VOTE FOR TRUMP

    WITHOUT TRUMP THERE IS NO AMERICA

    ONLY DONALD J. TRUMP AS PRESIDENT CAN FIX IT.

     


  • The President’s Crisis’s Schedule?

    The President’s “GLOBAL” Crisis’s Schedule?

    Senior White House officials say they cannot tear up the PRESIDENT’S SCHEDULE “EVERY TIME” a domestic or international CRISIS erupts.

    CRISIS’S by definition: a CRITICAL MOMENT, situation or period in which things are very uncertain, difficult, or painful, ESPECIALLY A TIME WHEN ACTION MUST BE TAKEN TO AVOID COMPLETE DISASTER OR BREAKDOWN, a time when something very important FOR THE FUTURE HAPPENS OR IS DECIDED.

    CRISIS’S? WHAT CRISIS’S?

    ——————————————————————————————————————————–

     The PRESIDENT of the UNITED STATES is faced with scores of decisions, EACH WITH IMPORTANT CONSEQUENCES FOR AMERICA’S FUTURE THE PRESS SECRETARY provides daily briefings for the media ON THE PRESIDENT’S ACTIVITIES AND AGENDA

     THE PRESIDENT’S CRISIS’S SCHEDULE? ACTIVITIES? AGENDA?

    PRESIDENT OBAMA  HAS ATTENDED 373 FUNDRAISERS WHILE IN OFFICE.

    PRESIDENT OBAMA set out Tuesday on a three-day West Coast FUNDRAISING tour, DESPITE MOUNTING DOMESTIC AND GLOBAL CRISES

    The congressman Rep. Gohmert tells MRCTV also BLASTED PRES. OBAMA FOR ENGAGING IN recreational indulgences like cards, golf, and billiards at times WHEN? (WHILE) THE U.S. WAS (IS)  IN CRISIS?

    ——————————————————————————————————-

    Senior White House officials say they cannot tear up the president’s schedule “EVERY TIME” A DOMESTIC OR INTERNATIONAL CRISIS ERUPTS

    —————————————————————————————————-

    INTERNATIONAL CRISIS

    EVERY TIME? 

    298 PEOPLE ARE SHOT DOWN AND DIE near the Ukraine-Russian border? Jul 17, 2014 – Malaysian Airlines flight MH17 shot down over territory held by Pro-Russian … Reuters reported earlier that  23 AMERICANS  WERE AMONG THE DEAD .

    EVERY TIME?

    ‘Terrible’: Twenty-three Americans are feared dead in the crash, which President Barack Obama called a ‘terrible tragedy’

    In somber ceremony, Dutch receive the first remains of MH17 victims

    Who from the U.S. Government attended that  somber ceremony to honor the 23 dead American’s?

    Malaysian official Mohd Sakri, who traveled on the train with the remains, said there were 282 corpses and 87 body parts aboard — the same tally Ukrainian officials earlier gave to describe the remains recovered from the crash site.

    ————————————————————————-

    DOMESTIC  PLUS INTERNATIONAL CRISIS

    EVERY TIME? 

    65,000 ILLEGAL Aliens INVADE THE US BORDER?

    “The United States has been invaded by about twice as many people as invaded France on D-Day,” Rep. Gohmert tells MRCTV. “Not only has he refused to take action at securing the border, he has been and continues to prevent his massive cadre of federal bureaucrats from enforcing the law and protecting us from invasion.”

    “THIS IS A PROBLEM OF THE PRESIDENT’S OWN MAKING,” Boehner said at a press conference Thursday. “He says he wants to solve the problem so that we can stop this influx, but then he changes his mind. WE’VE GOT A PRESIDENT THAT’S AWOL. The president ought to get engaged on this if he actually wants something to happen.”

    Unaccompanied minors from Canada and Mexico can be screened by border patrol agents and then deported. However, under current law, minors from other countries are transferred to the Department of Health and Human Services

    ————————————————————————————————————

    INTERNATIONAL CRISIS

    EVERY TIME?

    ISIS HAS FORMALLY DECLARED THE ESTABLISHMENT OF A CALIPHATE, OR ISLAMIC STATE, in the vast stretches of the Middle East that have fallen under its control, and has outlined a vision to expand into Europe. Jun 30, 2014 – As well as the Middle East, North Africa and large areas of Asia, it also … Elsewhere, ISIS plans to take control of the  Balkan states

     

    EVERY TIME?

    The announcement was described as THE ‘MOST SIGNIFICANT DEVELOPMENT IN INTERNATIONAL JIHADISM SINCE 9/11’.

    ———————————————————————-

    WELL?

    EVERY TIME? 

    ISRAEL AND HAMAS HAVE A WAR?

    ISRAEL AND HAMAS HAVE FOUGHT AT LEAST 10 WARS AND SKIRMISHES IN THE PAST DECADE. All have resulted in the deaths of civilians, uneasy truces and preparations for the next confrontation.

    ———————————————————————————————-

    Senior White House officials say they cannot tear up the president’s schedule EVERY TIME a domestic or international crisis erupts

    THE PRESIDENT’S CRISIS’S SCHEDULE? ACTIVITIES? AGENDA?

    PRESIDENT OBAMA set out Tuesday on a three-day West Coast FUNDRAISING tour, DESPITE MOUNTING DOMESTIC AND GLOBAL CRISES — and criticism …

    President Obama has attended 373 fundraisers while in office.

    President Obama has become an avid member of the MONEY-AT-ALL-COSTS CLUB

    The Seattle dinner cost $25,000 a person, but no one was prevented from giving ten times as much.

    In exchange for a check of up to $32,400.00, Hollywood Democrats will be able to hear President Obama speak later today at the Los Angeles …

    —————————————————————————————————

    The Executive Office of the President (EOP) Every day, the. Perhaps the most visible parts of the EOP are the WHITE HOUSE COMMUNICATIONS OFFICE and PRESS SECRETARY’S OFFICE. The current EOP employs over 1,800 people.

     CRISIS’S? WHAT CRISIS’S?

    THE PRESIDENT’S GLOBAL CRISIS’S SCHEDULE? ACTIVITIES? AGENDA?

    When in trouble? When in doubt?  Fly in circles? Scream and shout?

    “FUNDRAISER”

    I NEED MORE “PARTISAN MONEY” TO THROW AT THE MOUNTING DOMESTIC AND GLOBAL CRISIS’S.

    PRESIDENT OBAMA HAS ATTENDED 373 FUNDRAISERS WHILE IN OFFICE.

    Is there any doubt? that the American people have a problem? with the president’s GLOBAL CRISIS’S response?  priorities? schedule? and activities?

    —————————————————————————————————-

    THE MOST FRIGHTENING PARTS?

    DURING THIS TIME OF DOMESTIC AND GLOBAL CRISIS’S ?

    IS THAT PRESIDENT OBAMA IS BOTH THE HEAD OF STATE AND HEAD OF GOVERNMENT OF THE UNITED STATES OF AMERICA, AND COMMANDER-IN-CHIEF OF THE ARMED FORCES.

    AND, THE U.S. CONGRESS HAS DONE NOTHING.

    AND, THE MOST HORRIFIC PART OF IT ALL, INCLUDING THE RUSSIA AND PUTIN THREAT,  THESE CRISIS’S HAVE LEFT MANY AMERICAN CITIZEN’S STUNNED SPEECHLESS.

    I am an American CITIZEN, I may be stunned, but, I shall not be speechless, I shall continue to use my Constitutional Right to FREE SPEECH.

     

     


  • Markets Rigged Against You?

    Why watch CBC NEWS “The National”? Got Stock?
    Amanda Lang looks at ways the financial system is rigged in some people’s favour

    CBC News Posted: Dec 09, 2013 12:45 PM ET Last Updated: Dec 09, 2013 11:22 PM ET

    Why watch CBC NEWS “The National”?
    Because “The National” exposes and reports
    on CRITICAL WORLD NEWS frequently IGNORED by US NEWS Media.
    ————————————————————————————————–
    How markets are rigged against you
    it’s getting harder and harder to ignore the stories of powerful people cheating the system for their own gain. As the bad apples add up, it gets harder and harder to ignore a troubling realization — “everything is rigged.”
    ———————————————————————
    Case study: Detroit
    ———————————————————————————————————-
    Sorry, Fast and furious UPDATE on Detroit Dec.10, 2013

    Detroit the largest municipal bankruptcy in the history of the United States of America

    Detroit that has Guaranteed losers in a bankrupt city: Detroit’s promised pensions in doubt Opinion by D. Alexander Bullock | December 9, 2013 at 1:59 PM

    Detroit included in JPMORGAN $13 BILLION justice SETTLEMENT with $4 Billion in consumer relief directed at hard-hit areas

    and the same Detroit Hard hit with GOVERNMENT CORRUPTION
    —————————————————————–

    Case study: Detroit continued
    Detroit’s best known today as a case study in what happens to a declining manufacturing base. But the city was also home to a type of financial fakery that’s becoming all too common.
    ———————————————————————————————————

    How markets are rigged against you
    WATCH Amanda Lang’s piece on how the system is rigged against you on The National on Monday night. It airs tonight at 9 and 11 p.m. on CBC News Network, and at 10 pm on CBC Television

    I did watch.

    Amanda Lang looks at ways the financial system is rigged in some people’s favour
    CBC News Posted: Dec 09, 2013 12:45 PM ET Last Updated: Dec 09, 2013 11:22 PM ET

    Related Stories
    Competition bureau probes Canadian link to bank scandal
    U.S. banks face scrutiny over hoarding metals to fix prices
    Ex-Goldman director charged with insider trading
    Detroit’s bankruptcy shows even pensions aren’t safe
    Every day, trillions of dollars are exchanged by buyers and sellers on trading floors across the world. The places where that happens are colloquially known by the faceless moniker of “the markets” but every time somebody buys a barrel of oil, a shipment of potash, a Royal Bank share or a Japanese yen, there’s a real person behind that transaction.

    Historically, the system works because people have confidence in the rules and believe they are treated the same as anybody else.

    But it’s getting harder and harder to ignore the stories of powerful people cheating the system for their own gain. As the bad apples add up, it gets harder and harder to ignore a troubling realization — “everything is rigged.”

    That’s what financial journalist Matt Taibbi says in an interview with Amanda Lang airing on Monday night’s The National. After years of reporting on some of the best examples of Wall Street stacking the deck in its favour, Taibbi has concluded that the entire system underpinning the global economy is rigged in some form or another.

    And it’s not just financial markets that are at stake. The real economy, with factories, services, goods and jobs for real people, is under threat.

    ‘Certain people always win and certain people always lose.’- Matt Taibbi, financial journalist
    “There’s a few smaller, inside actors who always seem to win,” he told Lang. “They have more information than anyone else.”

    Everything from the price of food, to currencies, financial transactions known as “swaps” and interest rates are implicated, he says.

    “We’ve got a lot of work to get it back to some place where it’s at least close to fair. [Right now] it seems certain people always win and certain people always lose.”

    Case study: Detroit
    Detroit’s best known today as a case study in what happens to a declining manufacturing base. But the city was also home to a type of financial fakery that’s becoming all too common.

    Investment bank Goldman Sachs has been accused of creating an artificial shortage of aluminum by buying warehouses in the city to store the metal, and then intentionally causing delivery delays to create artificial profits.

    Why a Detroit-style bankruptcy is unlikely in Canada
    Through a subsidiary, Goldman owns 27 warehouses around the city, housing 1.5 million tons of aluminum, for customers who pay to store it there.

    The longer it’s there, the longer Goldman can charge its customers. But some started to complain that Goldman was making money by shuffling the metal between its warehouses — instead of out to its owners — and charging them more rent in the process.

    The story drew the eye of New York Times journalist David Kocieniewski.

    Galleon founder Raj Rajaratnam is accused of earning $63 million on illegal stock tips. (Kathy Willens/AP) (The Associated Press)

    “It used to be a six-week wait for metal and now it’s 16 months, what happened?” Kocieniewski asks.

    “You hear their explanations — ‘there aren’t enough trucks [and] forklift drivers’ but Detroit’s unemployment rate is 25 per cent, so that seems kind of implausible. It was clear it was something that they were doing,” he says of the sudden scarcity.

    The bank claimed it was working “feverishly” to deliver the metal to its eager customers. But in one video posted online by a warehouse worker, all you could see was aluminum stacked to the rafters, but not a single employee working to move it anywhere.

    “One of the drivers who moved the metal said ‘well we just move it from one place to another, once we get one warehouse filled up we close it down and it’s a merry-go-round,’” Kocieniewski said. Every hour that metal is sitting there Goldman is just collecting money on it.

    And that gets passed on to consumers by increasing the price of real goods like aluminum foil, pop cans and the siding on your house.

    Goldman Sachs declined to make anyone available for an interview, but emailed CBC News a statement saying they deny the allegations.

    Case study: inside information
    New York’s Wall Street is a place where rigging has become sadly too commonplace.

    One of the biggest recent examples was at New York hedge fund Galleon, run by a man named Raj Rajaratnam. Insider trading is one of the oldest and least sophisticated ways of rigging a market, and Galleon is one of the most egregious recent examples. Under Rajaratnam’s watch, Galleon would routinely pay corporate insiders for information about their companies ahead of when they were disclosed to others. (That way the fund could trade in advance on any good news or bad news to come.)

    What was so shocking about Galleon was the brazenness — how employees were caught on tape rigging the system, and not seeming to care. Rajaratnam was eventually found guilty of insider trading and sentenced to 11 years in prison but even today, some people involved still don’t seem to quite see the problem.

    “The bottom line was to make money … and if you weren’t adding to the end goal you were kind of useless,” says Turney Duff, a former trader at Galleon who’s written a book about his experiences there.

    ‘I didn’t feel like we were going to get caught. You know, it felt like jaywalking’- Former hedge fund employee Turney Duff
    “I’m not making excuses for my behaviour,” he says in the piece. “I made a lot of mistakes and a lot of the decisions that I made … [weren’t] based on right or wrong it was based on [lack of] consequences.

    “I didn’t feel like we were going to get caught. You know, it felt like jaywalking.”

    That mentality may be part of the problem — that there’s insiders at the top of a pyramid who feel they have the right to set prices and profit wherever they see fit, Taibbi and others say.

    “The basis of all these problems that we’ve had in the last decade or so is that it’s a very insular community, this financial community. It’s a very small group of people making very, very weighty decisions and I think these guys, to them, it’s not real. It’s just a bunch of numbers on a paper,” Taibbi said.

    Case study: rigging LIBOR
    One of the most serious examples of rigging might be the London Interbank Overnight Rate or LIBOR which has apparently been manipulated by a handful of trading firms for their own profit. Trillions of dollars of real things like mortgage rates and student loans payments are priced off LIBOR.

    WATCH Why the complex LIBOR story deserves your attention
    LIBOR is set today the same way it has been for more than a century — via phone calls between traders, telling each other what rates they were giving out and taking in that day. In retrospect, it was gapingly open to abuse.

    In a series of wiretapped phone calls unearthed by British regulators, traders could be heard doing favours for each other, lying to officials about the rate in order to meet their targets. It was a game to them, but one where people in the real world economy were the losers.

    Conclusion: new tools needed
    There’s a sense among the general public that nobody seems to be maintaining the integrity of the system. Bart Chilton, the head of U.S. regulator the Commodities and Future Trading Commission, says his office is committed to maintaining the system’s integrity. But, he says his office isn’t given the tools he needs to properly do the job.

    Goldman Sachs has been accused of stockpiling aluminum in its warehouses in order to charge more rent for storing it. (Ilya Naymushin/Reuters) (REUTERS)

    “They don’t have enough people to do this stuff,” Chilton says. “[Washington]
    doesn’t care about about this, and unfortunately Congress and government is very reactive.”

    He notes that his office has 158 agents to police more than $5 trillion worth of financial contracts per year.

    In contrast, the more well-known Securities and Exchange Commission has more than 100 agents assigned to its investigation of baseball pitcher Roger Clemens alone.

    Until the powers that be make levelling the playing field a priority, the system is likely to remain skewed. And the people doing the rigging getting caught will be the exception, not the rule.


  • Whale Tales on U.S. Justice

    A Whale Tale on Justice SEP 20, 2013
    JPMorgan Pays $920 Million to Settle London Whale Probes …

    www.bloomberg.com/…/jpmorgan-chase-agrees-to-pay-920-million-for-…‎
    SEP 20, 2013 – JPMorgan Agrees to $920 Million `Whale” of a Fine … While the lender made admissions in yesterday’s SEC settlement that tarnish Dimon’s …
    ————————————————————————–
    ce.fortune.cnn.com/tag/us-securities-and-exchange-commission/

    In the end, the whole SEC settlement with JPMorgan is kind of bizarre

    The rest of the settlement that is being collected by U.S. regulators is going back to the Treasury?

    A restitution fund for people?

    How can we expect our citizens to have any faith in the rule of law?
    —————————————————————————————————-
    Monday, December 09, 2013 11:49 a.m. CST
    And then there is this $13 BILLION JPMORGAN SETTLEMENT
    —————————————————————————————————
    My comment So what’s new?

    How will the GOVERNMENT divide the record $13 billion payout?

    $4 BILLION IN CONSUMER RELIEF?

    “FLOP, FLOP, FIZZ, FIZZ, OH, WHAT A RELIEF? IT IS?” … IS MARKETED FOR RELIEF OF MINOR ACHES, PAINS, INFLAMMATION, FEVER, HEADACHE, HEARTBURN, SOUR …

    In the end, the whole SEC $13 billion settlement with JPMorgan is kind of bizarre

    Believe it or not? The JPMORGAN bank will also receive credit for demolishing abandoned homes and other efforts focused on curbing urban blight.(CAUSED BY CORRUPT GOVERNMENT)

    IS The rest of the settlement that is being collected by U.S. regulators is going back to the Treasury?

    IS THERE DIRECT Restitution for people?

    How can we expect our citizens to have any faith in the rule of law?
    ——————————————————————————————————-
    The announcement, expected as soon as Tuesday Dec.. 10, 2013, will detail how the GOVERNMENT will divide the record $13 billion payout, with $4 billion directed to struggling homeowners.

    The $4 BILLION in consumer relief, directed at hard-hit areas like DETROIT,

    is a crucial element of the deal. Nearly half of that sum, one person briefed on the deal said, will go to reducing the balance of mortgages in foreclosure-racked areas
    ————————————————————————————————————
    My comment

    Hard-hit areas like DETROIT? Hard hit with GOVERNMENT CORRUPTION

    Kwame M. Kilpatrick, Former Detroit Mayor, Sentenced to 28 Years …
    www.nytimes.com/…/former-detroit-mayor-kwame-kilpatrick-sentencing…‎

    Oct 10, 2013 – Former Mayor Kwame M. Kilpatrick apologized for putting the people of his city through a corruption scandal so vast that prosecutors say it …

    INDEED, $4 BILLION in consumer RELIEF?

    If JPMorgan fails to spend the entire $4 billion before that 2016 deadline, it will have to pay an amount equal to the unexpended funds either to the government or to a nonprofit organization designated by the government.

    Hard-hit areas like DETROIT? Hard hit with GOVERNMENT CORRUPTION

    34 PEOPLE CONVICTED IN FEDERAL PROBE OF DETROIT CORRUPTION | DETROIT …
    www.freep.com/article/20131010/NEWS/310100184/‎
    by Jim Schaefer – in 168 Google+ circles

    Oct 10, 2013 – Counting Kwame Kilpatrick, Bobby Ferguson and Bernard Kilpatrick, 34 people have been convicted in the federal government’s probe of …
    How corruption deepened Detroit’s crisis – USA Today

    www.usatoday.com/story/news/nation/…corruption…detroits…/2929137/‎
    Oct 6, 2013 – DETROIT — Former Detroit Mayor Kwame Kilpatrick was a spender, a schemer and a liar. And taxpayers paid for it, by the millions. Over seven …

    Under the $4 billion in relief settlement, the people briefed on the deal said, JPMorgan will have to hire an independent monitor to oversee the distribution of the $4 billion in relief, a black mark for a bank once considered one of Wall Street’s most trusted institutions.

    —————————————————————————
    Monday, December 09, 2013 11:49 a.m. CST
    Republican SEC member blasts $13 billion JPMorgan settlement
    ————————————————————————————–
    THE Whale tale on Justice

    ce.fortune.cnn.com/tag/us-securities-and-exchange-commission/
    Did the SEC let JPMorgan off the hook?

    In the end, the whole SEC settlement with JPMorgan is kind of bizarre.
    The SEC is putting the $200 million JPMorgan is paying to settle the charges into a restitution fund for people who were harmed by the London Whale trading fiasco. Good luck finding them.

    (The rest of the settlement that is being collected by U.S. regulators is going back to the Treasury.

    Taxpayers, when will you stop being subsidized by the big banks?)
    —————————————————————————————–
    If you are up to it? get out the Alka-Seltzer and continue reading
    —————————————————————————

    http://billmoyers.com/2013/10/22/the-13-billion-jpmorgan-settlement-is-a-good-start-%E2%80%94-now-someone-should-go-to-jail/

    “People know that if they rob a bank they will go to jail,” Kaufman said. “Bankers should know that if they rob people they will go to jail too.” Can we hear an amen on that? Not yet. But the complaint Kaufman voiced repeatedly is now on the table. “At the end of the day,” the senator warned, “This is a test of whether we have one justice system in this country or two. If we do not treat a Wall Street firm that defrauded investors of millions of dollars the same way we treat someone who stole $500 from a cash register, then how can we expect our citizens to have any faith in the rule of law?” (See my piece from April 2011, “How Wall Street Crooks Get Out of Jail Free.”)

    The offenses include an all-star list of duped victims — of mortgage fraud against home-buyers, investor fraud against people and pension funds that purchased the rotten mortgage securities and defrauded the federal agencies (Fannie Mae and Freddie Mac) that bought the mortgage bonds and applied federal guarantees to them
    ——————————————————————

    U.S. Poised to Announce $13 Billion Settlement
    By BEN PROTESS and JESSICA SILVER-GREENBERG
    Manuel Balce Ceneta/Associated Press Attorney General Eric H. Holder Jr. played a hands-on role in settlement talks with JPMorgan Chase’s chief executive.

    The Justice Department is set to announce a $13 billion settlement with JPMorgan Chase over the bank’s questionable mortgage practices in the run-up to the financial crisis, people briefed on the deal said on Monday, as prosecutors and the bank hashed out the final details of the deal.

    The announcement, expected as soon as Tuesday, will detail how the government will divide the record $13 billion payout, with $4 billion directed to struggling homeowners. Under the settlement, the people briefed on the deal said, JPMorgan will have to hire an independent monitor to oversee the distribution of the $4 billion in relief, a black mark for a bank once considered one of Wall Street’s most trusted institutions.
    The settlement, which comes after months of negotiations, will resolve an array of state and federal investigations into the bank’s sale of troubled mortgage securities TO INVESTORS. Such securities, sold by banks across Wall Street, were at the center of the 2008 financial crisis.
    Related Links

    • Graphic: Tracking the JPMorgan Inquiries
    When the securities soured, generating billions of dollars IN LOSSES FOR PENSION FUNDS AND OTHER INVESTORS, federal and state authorities opened wide-ranging investigations into whether the banks had properly warned investors of the risks.

    JPMorgan, the nation’s largest bank, has become a symbol of that crackdown. And the size of the settlement reflects its magnitude. The $13 BILLION DEAL dwarfs all other settlements the Justice Department has exacted from a single company.

    The $4 BILLION in consumer relief, directed at hard-hit areas like DETROIT, is a crucial element of the deal. Nearly half of that sum, one person briefed on the deal said, will go to reducing the balance of mortgages in foreclosure-racked areas;
    ————————————————————————————————————
    Hard-hit areas like DETROIT? Hard hit with CORRUPTION
    INDEED, $4 BILLION in consumer RELIEF?

    If JPMorgan fails to spend the entire $4 billion before that 2016 deadline, it will have to pay an amount equal to the unexpended funds either to the government or to a nonprofit organization designated by the government.

    Hard-hit areas like DETROIT? Hard hit with CORRUPTION

    34 PEOPLE CONVICTED IN FEDERAL PROBE OF DETROIT CORRUPTION | DETROIT …
    www.freep.com/article/20131010/NEWS/310100184/‎
    by Jim Schaefer – in 168 Google+ circles
    Oct 10, 2013 – Counting Kwame Kilpatrick, Bobby Ferguson and Bernard Kilpatrick, 34 people have been convicted in the federal government’s probe of …
    How corruption deepened Detroit’s crisis – USA Today
    www.usatoday.com/story/news/nation/…corruption…detroits…/2929137/‎
    Oct 6, 2013 – DETROIT — Former Detroit Mayor Kwame Kilpatrick was a spender, a schemer and a liar. And taxpayers paid for it, by the millions. Over seven …

    ————————————————————————————————————
    JPMorgan will also be credited with up to $500 MILLION FOR BRIEFLY HALTING the collection of mortgage payments.

    For the remaining $2 BILLION in relief, the person said, JPMorgan has agreed to reduce interest rates on existing loans, offer new loans to low-income home buyers and keep those loans on its books. The bank will also receive credit for demolishing abandoned homes and other efforts focused on curbing urban blight.
    In addition to the $4 BILLION in consumer relief, JPMorgan will pay about $2 billion as a fine TO PROSECUTORS IN SACRAMENTO, CALIF. The prosecutors, who were planning to sue the bank until settlement talks heated up in September, suspected JPMorgan had failed to fully disclose the risks of buying mortgage securities.

    The government earmarked the final $7 billion as compensation for investors. The largest recipient will be the Federal Housing Finance Agency, which announced a $4 billion deal with JPMorgan last month. The agency oversees Fannie Mae and Freddie Mac, the housing finance giants that purchased billions of dollars in mortgage securities that later imploded.

    THE REST WILL BENEFIT A CREDIT UNION ASSOCIATION, ALONG WITH THE NEW YORK AND CALIFORNIA ATTORNEYS GENERAL. The authorities are likely to pass on the compensation to investors in their states.
    A version of this article appears in print on 11/19/2013, on page B3 of the NewYork edition with the headline: JPMorgan Settlement Nearly Ready.